The Labor Department announced
today that the economy added 227,000 jobs in February after adding 243,000 jobs
in January. That was good news for most,
but some economists were suggesting a mild slowdown is underway in the US,
though I didn’t hear anyone mention the “R”-word.
VIX fell another 5%
to 17.1. In the last 3-trading days it
has fallen 19%. That is really good
news.
The S&P 500 was
up 0.4% today. The S&P 500 has
clawed its way back to 1371, just 3-points below its recent high of 1374 made a
little more than a week ago. It is now
8.9% above the 200-day moving average (dMA).
As of the close on
Friday, Sentiment has fallen back to 49%-bulls.
{The NTSM sentiment indicator is a 5-dMA of %-bulls calculated from
selected Rydex (now Guggenheim) funds.}
With sentiment back
below 50%-bulls, we have room for further advance; but I think we will correct
back to the 200-dMA if the S&P manages to get 15% over the 200-dMA. All-in-all, I remain bullish even with a possible
correction looming a couple of weeks from now.
“Everything is proceeding as I
have foreseen…
…Jeez,
I'm out of it for a little while, everyone gets delusions of grandeur!”
NTSM
The NTSM analysis
remains HOLD today and indicators are improving each day.
MY INVESTED POSITION
I bought back into
the stock market at S&P 500, 1155 on 7 Oct after the 6 Oct NTSM buy signal.
I remain 100% long in the long-term
portfolio (100% stocks in the 401k.). (See the page “How to Use the NTSM
System” – the link is on the right side of this page).
Just a reminder: 100%
invested in stocks is way too much for most rational folks. Don’t do it unless you have a high tolerance
for risk.
